Post Utme Lasu 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company has two types of shares: ordinary and preference. The ordinary shares have a par value of ₦5 each, while the preference shares have a par value of ₦10 each. If the company issues 10,000 ordinary shares and 5,000 preference shares, what is the total par value of the shares issued?

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

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